ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday. Utica, New York-based ConMed, which has a market capitalization of just over $1.2 billion, has been under pressure since late last year from activist investors who took issue with the company's performance and corporate governance. In recent weeks, ConMed has asked its financial advisers, Bank of America Merrill Lynch and Greenhill & Co Inc, to approach larger orthopedic device makers regarding a potential sale of the company, the people said. CONMED's Board of Directors and management team remain focused on creating value for shareholders." Bank of America declined to comment, while Greenhill did not immediately respond to requests for comment. via Health News Headlines - Yahoo News Read More Here..
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